Boston, MA -- (SBWIRE) -- 08/19/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (The Ryland Group, Inc. (NYSE:RYL), Organovo Holdings Inc (NYSEMKT:ONVO), Intrepid Potash, Inc. (NYSE:IPI), Smith & Wesson Holding Corporation (NASDAQ:SWHC)
The Ryland Group, Inc. (NYSE:RYL) shares dropped 1.41% to $36.31. The company on July 24 reported second-quarter net income of $231.2 million, or $4.16 per share, compared to $6.27 million or $0.14, last year. Adjusted net income totaled $43.8 million, or $0.80 per share, compared to $6.0 million, or $0.14 per share, prior year. Analysts expected the company to report profit of $0.64 per share for the quarter. Revenues totaled $493.0 million, representing a 67.8 percent increase from $293.8 million, prior year. Analysts expected revenue of $492.75 million for the quarter.
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Organovo Holdings Inc (NYSEMKT:ONVO) stock increased 1.73% to $5.87. The company on August 12 reported on its financial results for the three-month period ended June 30, 2013 and provides a business update. For the three months ended June 30, 2013, total revenues of approximately $0.1 million were $0.2 million or 67% below the approximately $0.3 million in revenues for the same period in 2012. The Company also had negative cash flow from operations of $2.7 million during the three months ended June 30, 2013, with end-of-period cash and cash equivalents of approximately $12.8 million and an accumulated deficit of $70.1 million.
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Intrepid Potash, Inc. (NYSE:IPI) shares dropped 5.76% to $12.11. IPI’s stock had its target price reduced by Barclays Capital from $13.00 to $12.00 in a report issued on August 12.
Additionally, the company on July 31 reported financial results for the second quarter of 2013. The company posted second quarter net income of $11.3 million, or $0.15 per share, compared with second quarter 2012 net income of $19.0 million, or $0.25 per share. Adjusted net income was $12.7 million, or $0.17 per share, compared with $18.8 million, or $0.25 per share, in the same period of the prior year.
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Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares jumped 0.18% to $11.24. The company on July 29 announced the final results of its fixed-price cash tender offer to purchase up to 6,818,181 at a purchase price of $11.00 per share, which expired at 12:00 midnight, New York City time, on the evening of July 23, 2013. Based on the final count by the depositary for the Offer, the company accepted for payment an aggregate of 1,417,233 shares of its common stock, at a total cost to the company of approximately $15.6 million, excluding fees and expenses relating to the Offer.
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